Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2023

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Note 7—Accounts Payable and Accrued Liabilities

At September 30, 2023 and December 31, 2022, accounts payable included retention amounts of approximately $26.9 million and $21.5 million, respectively. These amounts owed to subcontractors have been retained pending contract completion and customer acceptance of jobs.

The following is a summary of accrued liabilities (in thousands):

	September 30,		December 31,
	2023		2022
Payroll and related employee benefits	$	140,770	$	114,053
Current operating lease liability		89,253		72,565
Casualty insurance reserves		18,890		19,935
Corporate income taxes and other taxes		39,853		16,213
Other		32,873		23,071
	$	321,639	$	245,837